Team NEO Awarded $175,000 Grant

Team NEO Awarded $175,000 Grant from The Burton D. Morgan

At their June meeting, The Burton D. Morgan Foundation Trustees
approved a grant of $175,000 to support Team NEO and its efforts to
grow Northeast Ohio’s emerging innovation clusters.

“We are grateful to have the Burton D. Morgan Foundation
as a trusted partner in our collective efforts to foster innovation
and help nurture growth companies in our region,” says
William Koehler, CEO of Team NEO. “This funding will allow us to
bring our valuable services to a larger number of companies within
our advanced energy and flexible electronics clusters. This in turn
will enable us to help spur business retention and expansion in
Northeast Ohio.”

About Team NEO:

Team NEO is an economic development organization focused on
creating jobs for Northeast Ohio’s residents. In collaboration with
our partners, it leads the region’s business attraction
efforts, supports business retention and expansion work as
Northeast Ohio’s JobsOhio affiliate, and aligns strategies
and resources within the economic development network to maximize
its impact.  In addition, Team NEO provides tools to assist
employers in attracting talent to the region.

About The Burton D. Morgan

The Burton D. Morgan Foundation is a private foundation established
in 1967, whose mission is to champion the entrepreneurial spirit.
To advance the mission, the Foundation supports entrepreneurship
and entrepreneurship education programs and initiatives at the
youth, collegiate, and adult levels. A legacy of founder and
entrepreneur Burton D. Morgan (1916-2003), the Foundation leverages
its grant and staff resources to connect the people, ideas,
organizations, and opportunities that comprise the vibrant and
growing entrepreneurial ecosystem in Northeast Ohio. For more
information, please visit